Small Business Bankruptcy
If your small business is struggling with debt, bankruptcy may provide some relief.
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If your small business is struggling with debt, bankruptcy may provide some relief. Whether bankruptcy can help depends on a number of factors, including:
- the legal form of your business -- for example, is your business a sole proprietorship, general partnership, corporation, or limited liability company?
- whether you are personally liable for business debts
- whether you want to close your business or keep it running, and
- how much and what types of debts you have.
In this area, you can find information on using Chapter 7, Chapter 13, and Chapter 11 bankruptcy for business debts, how to figure out if you are personally liable for business debts, whether you can get credit or loans after filing bankruptcy for your business, and whether there are nonbankruptcy alternatives to deal with business debt in your situation.
Start here to learn about filing for bankruptcy for your small business.
Chapter 7, Chapter 13, and Chapter 11 bankruptcy may help your small business if it is struggling with debt. Learn more.
If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate it.
If you're a small business owner struggling with debt, Chapter 13 bankruptcy may help you reorganize your debts and save your business.
With Chapter 11 bankruptcy, a small business can restructure and eliminate debts and continue in operation.
Find out if bankruptcy can help your struggling business keeps its doors open.
Whether you can be held personally liable for the debts of your business depends on the structure of your business and how it was formed.
Sometimes, you can become personally liable for the debt of your corporation or LLC. Learn how this happens.
Whether your spouse is liable for your business debts depends on how your business is organized and how the debt was incurred.
Click on the below links to get more information about Chapter 7, Chapter 11, and Chapter 13 bankruptcy for businesses.
Here you'll find more articles on filing Chapter 7 bankruptcy for your small business.
Find more articles on Chapter 13 for small businesses here.
Articles on filing for Chapter 11 if you own a business.
Not sure which type of bankruptcy is best for your small business? Learn the pros and cons of Chapter 7 and Chapter 13 bankruptcy.
Learn about the differences between Chapter 11 and Chapter 13 business bankruptcies.
If your business is inundated with debt, bankruptcy is not your only option.
Here you'll find articles on selling your business, liquidating your business, and more options for struggling businesses.
You can negotiate your own debt settlements when you wind down your business, but follow these practical steps to avoid future personal liability.
Find out what happens to your credit after you file for bankruptcy for your small business.
Tips for getting credit and setting up a new business after you have filed for bankruptcy.
You can probably get a business loan after bankruptcy, but it will be more difficult. Learn what steps to take to increase your chances of getting a loan.
Whether a business bankruptcy will affect your personal credit depends on whether you are personally liable for the business debt.
Bankruptcy for Small Business Owners
When your small business is underwater, you need to know how to handle your own personal bankruptcy filing. Spare yourself the legal fees and get Bankruptcy for Small Business Owners, the only book that shows you how to handle chapter 7 as a business owner.
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